Remove Contract management Remove Project management Remove Real-time Visibility
article thumbnail

Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

article thumbnail

MCIPS vs SCMDOJO Procurement Track

SCMDOJO

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. The interactive approach caters to learners who want to develop practical skills and gain real-world insights.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Moving AI From Progressive Theory To Practical Procurement Utilization And Outcomes

Procurement Insights

Hansen: Specializes in supplier relationship management through his Relational Contracting Model, emphasizing collaboration to mitigate risks. using e-procurement for visibility) support organizations facing disruptions. contract management), and his operational experience adds a grounded perspective.

article thumbnail

Ivalua Launches Innovations to Improve Supply Chain Resilience and Employee Productivity

ivalua

Improved Supplier Collaboration – As suppliers become increasingly important to organizational success, customers can create and project manage various types of supplier collaborations, including Innovation Plans and Corrective Action Plans. Now, customers can create and iterate on a draft contract during an RFX.

article thumbnail

16 Key Features to Prioritize When Choosing Procurement Software

TYA Suite

Another feature to prioritize is real-time data analytics and reporting. This level of analysis helps organizations make informed decisions quickly, cutting down on time-consuming vendor meetings and negotiations. Automation cuts down on errors and gives your team more time to focus on what really matters.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.

article thumbnail

The Guide Dogs for the Blind Association – Coupa Implementation

Barkers Procurement

While it had served its purpose, this was a chance to modernise, unlocking cost savings, efficiency, and better spend visibility. Manual processes, like closing purchase orders and managing supplier data, were slow and cumbersome. Change wasnt just necessaryit was essential. As a charity, transparency was critical.

e2e 52